World Grain - January 2013 - 12

newsreview
ADM sells its stake in Gruma, ends 16-year partnership
DECATUR, ILLINOIS, U.S. — Archer Daniels Midland
Company (ADM) announced on Dec. 17 that it has sold its
23% interest in Gruma, S.A.B. de C.V. and its equity investments in related joint ventures for $450 million plus an additional contingent payment of up to $60 million.
Under the terms of the sale, ADM received $450 million up
front and will also receive up to $60 million in future contingent payments over the next 42 months. The contingent payments are triggered based upon various conditions, including:
the increase in Gruma’s stock market price, over the closing

price of Gruma’s stock determined for purposes of the transaction, at the end of the 42-month period; the difference between the price of Gruma’s stock ﬁxed for public offers made
by Gruma and the closing price; the acquisition, by any strategic investor of Gruma, of 15% or more of Gruma’s capital
stock; or the percentage of Gruma’s shares that are considered
to be held by the public at any time.
While ADM has exited from its ownership position in Gruma, ADM said it expects to maintain a healthy and strong commercial relationship with Gruma globally.

Glencore completes acquisition of Viterra
BAAR, SWITZERLAND — Glencore International plc
and Viterra Inc. announced on Dec. 17 that Glencore has
completed the acquisition of Viterra. Glencore noted that this
acquisition brings Glencore immediate critical mass in the key
grain markets of North America and also materially expands
Glencore’s existing operations in Australia.
Fran Malecha, formerly chief operating ofﬁcer of Viterra,
has been appointed director, agricultural products, North
America, with responsibility for all North American operations. He will be based in Regina, Saskatchewan, Canada,
which becomes headquarters for Glencore’s North American
Agricultural Products business. David Mattiske has been ap-

pointed country manager, agricultural products, Australia and
New Zealand.
Chris Mahoney, director of agricultural products of Glencore, said, “By combining Viterra’s ﬁrst-class assets, grain
logistics and processing insight with our global marketing
capability, we have the opportunity to become a true leader
across the sector with even greater means to meet the needs of
farmers and customers globally.”
Malecha said, “I am excited to be staying on to lead Glencore’s North American agricultural business and look forward
to strengthening our relationships with farmers and creating
opportunities for all participants in the industry.”

For more information, see Page 98.

12

January 2013 / World Grain / www.World-Grain.com

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World Grain - January 2013

Table of Contents for the Digital Edition of World Grain - January 2013

World Grain - January 2013
Table of Contents
From the Editor-in-chief - Instant noodles as single product success
Calendar of Events
News review - Nisshin to buy New Zealand flour milling business
China expects record 2012-13 corn crop
ADM sells its stake in Gruma, ends 16-year partnership
Glencore completes acquisition of Viterra
Bunge ‘extremely pleased’ by court order
AFIA’s Newman presents at feed patterns seminar
Scoular adds to grain handling capacity
ADM selects vice-president of technical services
IGC forecasts largest world wheat area since 1998-99
Vietnam’s rice exports likely to hit record
U.S., China to cooperate on food safety
GrainCorp rejects second offer from ADM
Richardson receives regulatory clearance for Glencore deal
IGC meeting reviews state of global grains
Rabobank: China will drive agricultural commodity demand
China cancels 300,000-tonne soybean purchase
Cargill launches wheat flour in India
Letter to the editor
Grain Market Review - Oilseeds
Country Focus - Focus on Japan
Feature - Can grain and oilseed markets rebuild stocks?
Feature - Specialty flour products
Feature - Millers gather in Middle East
IAOM Latin America District holds conference following ALIM
Feature - Grain take on vital global importance
Feature - GEAPS Exchange 2013
GEAPS Product Showcase
Grain Operations - Innovative conveying solutions
Feature - 2013 shipping outlook
World Grain Weather Report - Adverse weather conditions impacting wheat
Supplier News
World Grain Archive
Advertiser Index
World Grain - January 2013 - World Grain - January 2013
World Grain - January 2013 - 2
World Grain - January 2013 - 3
World Grain - January 2013 - 4
World Grain - January 2013 - Table of Contents
World Grain - January 2013 - From the Editor-in-chief - Instant noodles as single product success
World Grain - January 2013 - 7
World Grain - January 2013 - Calendar of Events
World Grain - January 2013 - 9
World Grain - January 2013 - China expects record 2012-13 corn crop
World Grain - January 2013 - 11
World Grain - January 2013 - Glencore completes acquisition of Viterra
World Grain - January 2013 - Bunge ‘extremely pleased’ by court order
World Grain - January 2013 - Scoular adds to grain handling capacity
World Grain - January 2013 - U.S., China to cooperate on food safety
World Grain - January 2013 - Richardson receives regulatory clearance for Glencore deal
World Grain - January 2013 - IGC meeting reviews state of global grains
World Grain - January 2013 - Letter to the editor
World Grain - January 2013 - 19
World Grain - January 2013 - Grain Market Review - Oilseeds
World Grain - January 2013 - 21
World Grain - January 2013 - Country Focus - Focus on Japan
World Grain - January 2013 - 23
World Grain - January 2013 - 24
World Grain - January 2013 - 25
World Grain - January 2013 - Feature - Can grain and oilseed markets rebuild stocks?
World Grain - January 2013 - 27
World Grain - January 2013 - 28
World Grain - January 2013 - 29
World Grain - January 2013 - 30
World Grain - January 2013 - 31
World Grain - January 2013 - 32
World Grain - January 2013 - 33
World Grain - January 2013 - Feature - Specialty flour products
World Grain - January 2013 - 35
World Grain - January 2013 - 36
World Grain - January 2013 - 37
World Grain - January 2013 - 38
World Grain - January 2013 - 39
World Grain - January 2013 - Feature - Millers gather in Middle East
World Grain - January 2013 - 41
World Grain - January 2013 - 42
World Grain - January 2013 - 43
World Grain - January 2013 - 44
World Grain - January 2013 - 45
World Grain - January 2013 - 46
World Grain - January 2013 - 47
World Grain - January 2013 - IAOM Latin America District holds conference following ALIM
World Grain - January 2013 - 49
World Grain - January 2013 - Feature - Grain take on vital global importance
World Grain - January 2013 - 51
World Grain - January 2013 - 52
World Grain - January 2013 - 53
World Grain - January 2013 - 54
World Grain - January 2013 - 55
World Grain - January 2013 - 56
World Grain - January 2013 - 57
World Grain - January 2013 - Feature - GEAPS Exchange 2013
World Grain - January 2013 - 59
World Grain - January 2013 - 60
World Grain - January 2013 - 61
World Grain - January 2013 - 62
World Grain - January 2013 - 63
World Grain - January 2013 - GEAPS Product Showcase
World Grain - January 2013 - 65
World Grain - January 2013 - 66
World Grain - January 2013 - 67
World Grain - January 2013 - 68
World Grain - January 2013 - 69
World Grain - January 2013 - 70
World Grain - January 2013 - 71
World Grain - January 2013 - 72
World Grain - January 2013 - 73
World Grain - January 2013 - 74
World Grain - January 2013 - 75
World Grain - January 2013 - Grain Operations - Innovative conveying solutions
World Grain - January 2013 - 77
World Grain - January 2013 - 78
World Grain - January 2013 - 79
World Grain - January 2013 - Feature - 2013 shipping outlook
World Grain - January 2013 - 81
World Grain - January 2013 - 82
World Grain - January 2013 - 83
World Grain - January 2013 - 84
World Grain - January 2013 - 85
World Grain - January 2013 - 86
World Grain - January 2013 - 87
World Grain - January 2013 - World Grain Weather Report - Adverse weather conditions impacting wheat
World Grain - January 2013 - 89
World Grain - January 2013 - 90
World Grain - January 2013 - 91
World Grain - January 2013 - Supplier News
World Grain - January 2013 - 93
World Grain - January 2013 - 94
World Grain - January 2013 - 95
World Grain - January 2013 - 96
World Grain - January 2013 - World Grain Archive
World Grain - January 2013 - Advertiser Index
World Grain - January 2013 - 99
World Grain - January 2013 - 100
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http://digital.world-grain.com/sosland/wg/2004_10_01
http://digital.world-grain.com/sosland/wg/2004_09_01
http://digital.world-grain.com/sosland/wg/2004_08_01
https://www.nxtbookmedia.com